Slide 1: First Half 2021 - Interim Result
Magontec Romania Magontec Limited (ASX: MGL) First Half 2021 - Interim Result 26 August 2021 Nicholas Andrews, Executive Chairman of Magontec Limited has authorised the release of this document to the market on 26 August 2021
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Magontec Limited (ABN 30 147 131 Past performance Investment Risk and other risks 977) (Magontec or the Company). This Presentation contains summary information about Magontec and its activities current as at the date of this Past performance informa
Slide 3: Income Statement and Cashflow Overview
FY 2021 Half Year Result Income Statement and Cashflow Overview 6 months to 6 months to 30-Jun-21 30-Jun-20 Anode business (CCP) key '$000 '$000 % chg profit driver. Revenue 50,863 45,982 10.6% Higher volumes, lower costs, new customers Cost of Sales (43,161) (40,061) 7.7% Gross Profit 7,702 5,920 3
Slide 4: Reconciliation of significant items in earnings
FY 2021 Half Year Result Reconciliation of significant items in earnings 6 months to 6 months to 2021 Interim NPAT of 30-Jun-21 30-Jun-20 $684,000 '$000 '$000 (Excluding unrealised FX) Reported Net Profit Before Tax & Significant Items 2,238 (49) - Up from -$0.04m in PCP Significant items before tax
Slide 5: Magontec Limited Market Information
Magontec Limited Market Information Post share consolidation, ASX Code: MGL Total Per Share Magontec Limited has 76.7 Ordinary shares on issue following consolidation 76,729,210 million ordinary shares on issue 1 Market capitalisation $17.3 million 22.5 cents/share Book value of net assets – 30 June
Slide 6: Underlying Net Profit of $0.68m, up from -$0.04m loss
FY 2021 Half Year Result Underlying Net Profit* of $0.68m, up from -$0.04m loss in the first six months of 2020 Underlying Net Profit After Tax * ($M) $0.68m $0.40m $0.35m -$0.04m -$0.15m 1H17 1H18 1H19 1H20 1H21 * Reported net profit/loss excluding the effects of unrealised foreign exchange
Slide 7: Growth in magnesium and electronic anodes volumes driving profit growth and cash flow
FY 2021 Half Year Result Growth in magnesium and electronic anodes (CCP) volumes driving profit growth and cash flow Gross Profit ($M) and GP margin (%) Underlying Operating Cashflow($M)* 15.1% 12.9% $2.7 $2.7 11.8% 11.2% 11.1% $2.4 $2.4 10.5% 8.7% $1.8 $1.6 6.4% $1.2 $1.2 $4.3 $5.9 $7.4 $7.3 $7.3 $
Slide 8: CCP business contributes 74% of Gross Profit
FY 2021 Half Year Result CCP business contributes 74% of Gross Profit as Magontec Qinghai Mg alloy cast house issues continue to impact PRC metals volumes and profit Metal and Anode (CCP) Gross Profit split ($M) $ 10.0 m Anodes Metals $ 8.0 m 35% 26% $ 6.0 m 43% 38% 54% 39% 50% $ 4.0 m 48% 74% 65% $
Slide 9: Positive EBITDA and EBIT trend
FY 2021 Half Year Result Positive EBITDA and EBIT trend – sharp recovery from COVID impacted PCP EBITDA and EBIT contributions ($M) $3.4 $2.6 $2.1 $1.9 $1.9 $2.0 $1.4 $1.2 $1.1 $1.0 $0.7 $0.6 $0.4 $0.3 -$0.1 1H15 1H16 1H17 1H18 1H19 1H20 1H21 -$0.9 1H14
Slide 10: Magontec Limited – a global magnesium company Operational Platform
Magontec Limited – a global magnesium company Operational Platform Production Sales Office Bottrop Santana Technology Centre Golmud Tokyo St Louis Rhode Is Xi’an Cast House Project Sydney Headquarters Melbourne
Slide 11: FY 2021 Half Year Result – CCP / anodes
FY 2021 Half Year Result – CCP / anodes Year-on-year growth in Cathodic Corrosion Protection product sales Global supplier of CCP products for 76% sales growth in 1H21 over 5 years since 1H17 Hot Water appliances manufacturers Global CCP Revenues and Gross Profit (A$M) Global magnesium anode sales v
Slide 12: FY 2021 Half Year Result - Metals
FY 2021 Half Year Result - Metals Recovery in metal sales from COVID impacted PCP Qinghai primary Mg alloy plant continues to operate at low volumes Supplier of primary Mg alloy ingots and recycling services to global automotive, power tool and electronics industries Global Metals Revenues and Gross
Slide 13: Qinghai electrolytic magnesium smelter complex (Golmud)
Qinghai electrolytic magnesium smelter complex (Golmud) Magontec Qinghai MGL operates a magnesium alloy cast Dehydration Reduction Cast house house at Golmud in Qinghai Province PRC Agreements with QSLM Supply of 56,000 mtpa Exclusive Mg alloy rights Fixed off-take price metrics Lease (10+10 years)
Slide 14: Qinghai will use the lowest CO2 Mg ever produced
Magontec Qinghai will use the lowest CO2 Mg ever produced* 45 Future Present Past 40 Qinghai 35 Kg CO2eq / kg Mg incl. credits for incl. use 30 Use of waste gas of SF6 25 incl. credits for by-products 20 15 incl. credits for by-products 10 5 0 Golmud 2017 Israel 2011 China 2011 Norway 1997 Electroly
Slide 15: Magontec Limited
Magontec Limited MAGONTEC MAGONTEC GmbH MAGONTEC Xian Co., Ltd Head Office, Sydney Industriestraße 61 No. 40, Feng Cheng 3 Road, Suite 1.03 46a Macleay St 46240 Bottrop Xian Economic and Potts Point Sydney NSW Germany Development Zone AUSTRALIA 2011 Xian, China, 710021 Tel +61 2 8084 7813 Tel +49 (0
Slide 16: Magontec Limited First Half 2021 - Interim Result
Magontec Romania Magontec Limited (ASX: MGL) First Half 2021 - Interim Result 26 August 2021